Lockton Re Environment Report 2024

CO₂ reduction and targets Absolute reductions and performance reductions

The reworking of our environmental programme continues within our ESG framework, as such, we have continued to monitor and review our CO₂ using our previously stated targets, although we expect these to be restated in future years.

Total Emission Per Employee

Target setting remains a vital part of Lockton Re’s work to improve the environmental impact we have. We acknowledge we are on a journey to data completeness; this will see our targets and bench line change as we improve the methodology and data used to reach our total emissions. As a result, we have seen ourselves miss our targets especially in our Scope 1 and scope 3 reporting as we remain transparent in our approach to collect data and improve Lockton Re’s GHG inventory. We have set a target of 50% reduction on actual emissions by 20233 using our 2022-23 emissions as our baseline, this will change as we improve the transparency and accuracy of our GHG calculaitons In 2023 using our FY 22/23 emissions which were validated by our third-party assessors, we set our emissions baseline. since then, we have worked towards a 50% reduction by 2033 for our Tonnesof CO₂e per employee. This year we reported a 6.61 tCO₂e/per employee for total emissions intensity which is an increase of 1.47 tCO₂e/per employee from our FY22-23 baseline year of 5.24 tCO₂e/per employee. 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 tCO2e/Per Employee 5.24 6.61 4.978 4.716 4.454 4.192 3.93 3.668 3.406 3.144 2.882 2.62

Actual

Target

Performance against targets

We anticipate an increase in our total reported emissions for the upcoming period. This change is not a reflection of an increase in our operational footprint, but rather a result of our commitment to improving reporting accuracy and transparency. We have enhanced our calculation methodologies and expanded our data collection to provide a more complete and robust view of our environmental impact. This refined approach gives us a more comprehensive emission figures from which to measure progress and set more effective emissions reduction targets for the future.

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ENVIRONMENTAL REPORT | LOCKTON RE